The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ironveld has finally turned the corner & I can’t imagine what kind of money we be making when in full production ? I do hope we can get more exposure on twitter as this can get many more investors onboard at still a crazy low price GLA
I'm sure would have come up with all the finance but due too take over rules could not go over 30% speaks as if rest of finance will come soon. Watch this market cap push much higher in due course.
Great to see a video, and with IG.
Great channel.
Was talk of The Industrial Development Corporation (IDC) of South Africa Limited owned by South African gov partly fund this many years ago, great interview looks full of confidence 12 months production. Rest money coming in next few months, a placing possible at much higher price. Happy Times too all share holders.
Ironveld on its way to production https://youtu.be/YUvQwl9MfUY via @YouTube
This video has been posted recently.
https://www.brrmedia.co.uk/broadcasts/5e3c0041397af40afa52b455/ironveld-video-update-from-cape-town-2020/
@45 seconds.
On 7th Feb 2020 Martin Eales states that HPI sells for over $1000/ton.
Ordinary Iron 62% was about $85/ton on that date.
Today Iron 62% is $122/ton so I am assuming HPI is even higher than the figure Martin Eales mentioned in the video.
Always worth repeating:
80 million tonnes of magnetite ore - the JORC compliant mineral resources demonstrates holds 1.6 billion pounds of Vanadium, the equivalent to four times annual global demand
32 million tons of High Purity Iron in situ
9 million tonnes of Titanium.
Plus further exploration potential.
Grades are all very good as well.
It took time but congratulations to the board in getting this company changing deal through to the finish line.
Great times ahead, I feel.
Thanks as well to the informative and positive posters on this board who helped me keep my position through the quiet times!
GLA Sharegar.
Dave,
There's no set HPI (high purity iron) price, because the premium depends upon the degree of purity.
But I thought that it was worth highlighting that IRON's HPI will command a premium to normal iron.
I meant the advantage Iron has over current BMN situation i.e. 120m MC. That is fair enough. Sorry if I phrased it poorly.
Dave, in your opinion what is the advantage IRON has over BMN in terms of their resource, that will see them get higher MC? Thanks
It's also been a great year for vanadium, to complete the vanadium-iron-titanium hat-trick.
Currently U$8.0/lb. in Europe, up 60% from US$5/lb. just last November:
V2O5 Vanadium Pentoxide Flake 98% Price USD / lb
Europe : US$8.00/lb (0.00%)
Oct 26, 2021
https://www.vanadiumprice.com/
Also, the fact that Ironveld's iron is high purity gives it a pricing premium, as well as being a major ESG plus point:
"Iron-ore prices hit record high with appetite for steel ‘far beyond expectations’
Published: May 6, 2021 at 1:02 p.m. ET
By Myra P. Saefong
" ...“Iron is experiencing a perfect storm at the moment, Beijing’s environmental constraints are having a two-pronged impact on prices,” Stuart Burns, editor at large for metals-analysis provider MetalMiner, told MarketWatch.
On the one hand, emissions controls are favoring the use of high purity iron ore, of which there is constrained or limited supply,” he said. “On the other, perceptions of restrictions is boosting prices and hence steel output — up 16% so far this year —resulting in increased imports of iron ore.”..."
https://www.marketwatch.com/story/iron-ore-prices-hit-record-high-with-appetite-for-steel-far-beyond-expectations-11620320569
Thanks for your excellent postings Dave.
But why exclude IRON's 9 million tonnes of titanium from your calculation?
"Titanium: Prices continue strong performance in 2021
Posted 20th May 2021 in ?Industry news.
By Ross Embleton
Titanium product prices are rebounding, and some, such as ferrotitanium, have even gone on to multi-year highs, after experiencing dramatic price drops in 2020. The price falls were directly driven by the devasting impact of the global pandemic. The grounding of commercial air travel in April 2020 had widespread implications for titanium prices, culminating in multi-year lows for many products in Q3 2020.
The price of Chinese titanium plate, 2-6mm (99.9% Ti) reached US$18.09/kg in May 2021, a price last seen in January 2013, according to Asian Metal. Chinese titanium sponge (99.7% Ti) prices have also performed well since July 2020, trading at US$10.44/kg in May 2021, but have yet to reach pre-pandemic levels of US$11.5/kg. Both titanium scrap (0.5% Sn, cif Europe) and ferrotitanium (70%Ti) were trading at relatively depressed levels pre-pandemic, following a fall in price at the beginning of 2016. However, since Q4 2020, prices have experienced a resurgence and now trade at multi-year highs, recording US$4.19/kg and US$8.60/kg according to Fastmarkets and Asian Metal in May 2021 respectively. ..."
https://roskill.com/news/titanium-prices-continue-strong-performance-in-2021/
1,000 KG = 1 tonne.
US$10/KG = US$10,000/tonne.
x 9 million tonnes titanium = c. US$90 billion in-situ.
I'll take that!